Groceries code adjudicator finds supermarket failed to pay back multi-million pound sums owed for up to two years,but regulator is unable to levy fine The grocery market watchdog has ordered Tesco to fabricate (to make up, invent) “significant changes” in the way it deals with suppliers after finding the supermarket had intentionally delayed payments to boost its profits.
Christine Tacon, the groceries code adjudicator (GCA), or said Tesco had seriously breached the legally binding code governing the grocery market. She said some suppliers had to wait two years for millions of pounds owed by the grocer. Continue reading...
Source: theguardian.com